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That's right doog, they are going through compliance. if all the parameters are good to go then Schwab and another brokerage firm will do their thing and start the buyback. they will file the required filings every two weeks after it commences.
you're welcome...i encourage anyone and everyone to contact Greg if your are still in doubt of buying in to this investment. that is right, this is a investment and not a trade/flip type stock.
When i told him that i was a Chiropractor, he immediately wanted my address and email to sending me samples of the gloves and more information regarding air purification along with other "stuff". He said that the beds have been a blessing for a lot of people with chronic pain. He enjoys reading feedback from customers and practitioners regarding their products.
He is really a awesome person to speak with.
Going to hold on to this investment for a long time.
I spoke with Greg Rotman yesterday at 3:06 CST. I tried calling several times to his direct line prior to him calling me back. We spoke for roughly 45 minutes. The following is a summation of what we talked about…in actuality, he did majority of the talking.
Greg Rotman was very genuine, honest, funny, and has tons of stories regarding his family and business in general.
He was very busy today with inventory with Wayfair. He noted that Amazon has been very good for them. Currently they are working on Google express and three others (House was one of them).
They utilize NetSuite which they can track and inventory multiple sites in real time.
Fluid water conversion:
Won the award in 2018 for DaVita water purification. This year DaVita installed it on the dialysis chairs. DaVita does 100,000 gallons of water per day and losing 2-3 gallons through purification, Fluid Water Conversion was able to decrease that to 1 gallon and it is much cleaner. They are up for another award this year and very excited about it.
The latex gloves are well received by the medical community. The gloves themselves are 50% thinner, 50% stronger, and powder free compared to regular latex gloves. The gloves are also diamond etched for better feel, surgeons really love it. The gloves when they are in the box do not stick together, therefore less waste.
Since taking over Vystar in January 2019, investors increased their investments to now totaling 29 Million.
Greg states that they got picked up a fairly inexpensive asset for what it was. They picked up RxAir for $600K. RxAir spent 9 Million for the FDA clearances prior to the acquisition.
Greg loves and is a big fan of intellectual property (patents). They have 18 countries patented with Vytex. The air purifier and fluid energy adds another 20 patents. The patents themselves is a portfolio.
Vystar is working with Schwab and another brokerage firm regarding the buyback. Initially, the company approves a plan to present to the brokerage firms. Right now it is going through compliance. Once compliance is complete they will give it to the brokerage firms to execute the plan. The brokerage firms will begin the buyback in compliance to the parameters that was approved by the company. Overall, they want to buyback 50% of the stock.
Debts have been 90% paid. Two remaining notes 1)$100,000 and 2)$50,000. The $100,000 notes will be paid off because the pre-payment penalty is very low. The $50,000 has a 50% pre-payment penalty. They do not know what to do with that one yet until time of conversion in late February, whether it is better to buy that back on the market or better to just pay it off. Either way, due to the 50% pre-payment penalty, they are going to spend $75,000…honestly, they are trying to calculate up which one will give them the bigger bang for the buck. One way or another it will happen. Greg states that his dad does not like notes (toxic funding). They want them gone!
Vystar will be reporting 100% of Rotmans revenues. Merger is targeted to be complete during the second week of February. The recent Q report in the subsequent events, Vytex has already been voting in and approved.
Regarding Nasday listing…Greg says that ideally, that is where they want to be. That decision will be made when VYST reaches .50
A split will put them at $5.00/share. Greg explains that although $4.00 is minimum, the $5.00 gives them a little bit of leeway. He states that the Nasdaq listing will take place following a K report in July. He says that it is better to use a a K report rather than a Q report when uplisting. Following the K, the company can prepare for the uplist and realistically, September 2019 would be the time. Greg states that it is worth the reverse split when uplisting to the Nasdaq otherwise a reverse split will not occur.
thank you doog for your insight. very valuable information.
taking questions from the board prior to talking to Greg Rotman today. Greg left me a voice message with his direct line.
if anyone has questions for me to discuss with Mr. Rotman, please let me know.
Things are great now with VYST my friend. VYST is still in its' infancy in regards to Rotman's.
BigJuan how are ya buddy? still bottoms here on the 5 year chart with HUGE potential with more catalysts along the way to the Nasdaq and beyond.
Most Definitely "far, far richer"...so awesome!!!
Two words doogdilinger...EARLY RETIREMENT!
WOW...What a AWESOME day!!!
Awesome News!!! thanks Drugdoctor.
looks like someone got caught chasing. lol
thanks Alaskawolf. just helping to bring attention to this "gold mine" of a company we have here. CEO Karl Riedel will report back following his meetings with the realtor.
absolutely right cj and those selling now will be chasing and forced to buy on the ask!
Agreed Drugdoctor.
Vystar authorizes stock buyback of up to 250 million shares
https://www.rubbernews.com/article/20190115/NEWS/190119957/vystar-authorizes-stock-buyback-of-up-to-250-million-shares
https://www.omaha.com/money/consumer/vystar-update-on-convertible-debt-stock-buyback-of-up-to/article_4058add4-6a32-587b-b8f5-f81982eb8cc2.html
HAIL!
GO BLUE!
$PAOG
Short-Term Goal - Expand his team's current cannabis grow operation in the state of Michigan to a much larger scale, and he believes that the market in Michigan is ripe for expansion due to the recent passing of recreational marihuana in November 2018. Riedel brings a new management team to PAOG with diverse experience, and he is confident that market domination can be achieved through effective branding, targeted marketing, and delivering a premium quality product.
"My intentions for PAO Group is to actually take this company and build something with brick and mortar, and grow to a very large presence that transcends not just the Michigan market, but there are also some other markets that I'd like to expand into...we have begun targeting potential acquisition of other players in the Michigan industry who simply do not intend to apply for licensing under the new regulations, which took effect January 1, 2019." - CEO Karl Riedel
The Company has indicated that it is pursuing a 1,500 plant Grower Class C License, which is the maximum tier license that is available in Michigan. The Company is also pursuing a Processor License, which authorizes the purchase of marihuana from other growers and the sale of infused-products or marihuana to provisioning centers (dispensaries).
"In addition to the current grow operation, the Company is pursuing the max tier Grower License which allows for 1,500 plants. Licenses can be stacked at single locations, meaning additional licenses can be applied for and acquired to expand beyond 1,500 plants at a single location. With the addition of a Processor license, we are not limited by our own growing capacity, and can process plants from other growers into concentrates, edibles, and more." - CEO Karl Riedel
He also advised that they are currently working with multiple realtors to scout potential locations for the business to operate.
To address shareholder concerns, Riedel indicated that under new management he does not intend to conduct any reverse splits on the total number of outstanding shares of the company. He discussed a potential future round of fundraising at an appropriate time to expand the MI business operation, and confirmed that he is currently negotiating some very significant debt reductions with the company's current debt holders to reduce the financial liability of PAOG by Q2 2019.
https://backend.otcmarkets.com/otcapi/company/financial-report/210844/content
“In addition to the current grow operation, the Company is pursuing the max tier Grower License which allows for 1,500 plants. Licenses can be stacked at single locations, meaning additional licenses can be applied for and acquired to expand beyond 1,500 plants at a single location. With the addition of a Processor license, we are not limited by our own growing capacity, and can process plants from other growers into concentrates, edibles, and more.” - CEO Karl Riedel
https://markets.businessinsider.com/news/stocks/pao-group-inc-announces-michigan-1-500-plant-grower-license-application-1027901244
“We are gearing up to maximize revenues and Company growth through the use of the most modern technology and coupling the technology with the growing knowledge that our master grower has obtained after years of grow experience. We are marrying true business knowledge and talent with that of legacy grow knowledge. We’re bringing the boardroom into the grow room.” - CEO Karl Riedel
https://www.pao.group/single-post/2019/01/28/PRESS-RELEASE-1282019
have a good night folks. do it again tomorrow.
$VYST
enjoy it while it lasts because it will not be here long.
What a great time to be invested in a "real" company.
Agreed MAGA1. imagine if resort hotels and hotels/motels nationally and worlwide pickup on the mattresses and pillows.
"RxAir - The air purifier trusted by hospitals"
RxAir is currently expanding its network of RxAir medical distributors.
https://ceo.ca/@nasdaq/vystar-debuts-enhanced-rxair-uv-light-air-purifiers
i believe that once the merger finalizes, all of Rotman's financials will be displayed for all to see on the next write up.
Vystar Debuts Enhanced RxAir® UV Light Air Purifiers to Fight Flu, Colds & Airborne Germs
https://www.euroinvestor.com/news/2019/01/28/vystar-debuts-enhanced-rxair-uv-light-air-purifiers-to-fight-flu-colds-airborne-germs/13963557
Vystar Corp (OTCMKTS:VYST) Running Up The Charts
https://insiderfinancial.com/vystar-corp-otcmktsvyst-charts
Vystar Introduces Vytex Cloud: Worlds First Ultra-Soft 55 Density Natural Latex Mattress Topper
https://www.financialbuzz.com/vystar-introduces-vytex-cloud-worlds-first-ultra-soft-density-natural-latex-mattress-topper-1190140/
The Fascinating Rise of Vystar Corp. (OTC: VYST)
https://www.microcapdaily.com/the-fascinating-rise-of-vystar-corp-otc-vyst/122964/
Vystar, Lien ‘A establish partnership
ATLANTA—Vystar Corp., producer of Vytex hypoallergenic natural rubber latex, has formed a strategic partnership with Vietnamese latex foam producer Lien ‘A for the worldwide development, production and distribution of natural rubber latex bedding and furniture products.
Also, Vystar has received from Indonesia its 11th international patent protecting its proprietary latex deproteinization process for the production of natural rubber latex.
Over the past year, Lien ‘A CEO Lam Ngoc Minh took significant equity positions in Vystar and in NHS Holdings L.L.C., Vystar’s exclusive distributor for Vytex foam, according to a June 1 press release from Vystar.
Vystar and Lien ‘A exhibited together June 7-8 at the Home Furnishings Manufacturing Solutions Expo in Atlanta, according to Vystar CEO William Doyle. Furniture manufacturers attending the expo were enthusiastic about the new partnership, Doyle said in a telephone conversation from the expo.
“The new partnership strengthens both of us,” he said. It allows Vystar and Lien ‘A to expand their distribution, to make direct shipments of latex and foam to customers, and to ship foam samples to furniture manufacturers for testing, he said.
Besides moving into more local warehouses, Vystar also will have access to Lien ‘A’s warehouses in Worcester, Mass., and the Los Angeles area, according to Doyle.
According to the press release, Vytex and NHS are working with Lien ‘A to build and manage relationships with mattress and pillow manufacturers who will use Vytex foam cores produced by Lien ‘A for bedding products that will be sold throughout the Americas.
The two companies will distribute those foam cores from the Worcester and Los Angeles warehouses to enable fast and efficient delivery worldwide, Vystar said.
Minh is one of a core group of investors who have invested $20 million in Vystar since its inception, the company said. Vytex has potential applications in more than 40,000 products, including medical products as well as bedding and furniture, it said.
The strategic partnership also allows Vystar and Lien ‘A to collaborate on research and development to meet the special needs of various foam buyers, according to Doyle.
“Solid pillows? Solid cores? Aerated foam? The new R&D program will allow us to do all of that, as well as other things,” he said.
Doyle said he wasn’t at liberty to discuss some of the new products that are under development. He did say, however, that the strategic partnership opens the door to major expansions for both companies.
“We have production in Thailand and Vietnam, and we’re adding on Guatemala,” he said. “We also have plans to expand further in Southeast Asia.”
The notice of allowance of a patent in Indonesia is at the core of Vystar’s production expansion, according to Doyle. This marks the fourth major notice of allowance the company has received this year from NR-producing countries, he said. The notices from Malaysia, Guatemala and India were announced in April.
Previously, Vystar obtained notices of allowance from China, Japan, Hong Kong, Germany, Austria, Ireland and the United Kingdom, according to Doyle. These are all major latex product manufacturing countries, he said, and affirming Vystar’s patents in those countries were essential to the company’s future growth.
Besides being virtually allergen-free, Vytex natural rubber latex is odor-free, sustainably sourced and completely biodegradable, in sharp contrast with synthetic rubber gloves, the company said.
https://www.vystarcorp.com/news/vystar-lien-a-establish-partnership/
Interview with Steve Rotman, CEO at Vystar Corporation
January 20, 2018
Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with Steve Rotman, CEO at Vystar Corporation:
What does your company do?
Vystar Corp. develops ecofriendly, sustainable technologies and products to create a safe, healthy home environment. Vystar created Vytex® natural rubber latex (NRL), the only latex that is free of 99.8% of allergy- and odor-causing latex proteins, for a superior, stronger, more durable and pure, sustainable material. Vystar licenses and/or oversees manufacture of Vytex® deproteinized latex products including mattresses, pillows, bed toppers, balloons, textiles, shoes, clothing, adhesives, foams, furniture, protective equipment, and sporting equipment, as well as health care products, such as condoms, surgical and exam gloves, and catheters.
What is your role? What do you enjoy most about your role?
I’ve been the CEO of Vystar for one month. For the past 30 years, I’ve been CEO of Rotman’s Furniture & Carpet, one of the largest furniture stores in New England. Over the years at Rotmans, I heard from thousands of customers that they wanted sustainable, natural furniture and products for their homes, but couldn’t find them. I founded a company that served as a distributor for Vystar and recently became CEO of Vystar because I see huge potential for Vytex and I enjoy connecting Vystar with manufacturers so we can produce eco-friendly Vytex latex products such as mattresses, apparel, shoes, gloves, etc., that are more durable and will function better and be totally biodegradable, while being free of the chemicals, odors and off gassing common to many memory foams, plastics and latex used in home products today.
What are the biggest challenges in your business right now?
Our biggest challenge is building awareness of Vytex as a more desirable material than traditional latex, memory foams and plastic with very limited capital and a small sales staff. Previously Vytex w as sold as a commodity with extremely tight margins. We are in the process of changing our business strategy to now partner with manufacturers to produce branded products with Vytex. All the manufacturers who try Vytex, love it, but it’s a matter of getting out in front of potential partners and customers to introduce them to the eco-friendly material they have been seeking for decades.
If you could go back in time, what business advice would you give to a younger version of yourself?
I’ve had a great run with our Rotmans family business, but I am really enjoying taking on the additional role of entrepreneur/CEO in my new role with Vystar, where I am actively involved in steering the development of all-natural, sustainable products that people want and need. There is such a huge need in so many areas for natural, high quality, eco-friendly, affordable products, yet so few companies are producing them. I would advise my younger self, and others, to look beyond the safe environment of selling what is typically available and embrace the challenge of creating sustainable, cost effective products that will help to preserve our environment for future generations.
https://usaweekly.com/2018/01/interview-with-steve-rotman-ceo-at-vystar-corporation/
Kaboom, one right back at ya.
doog, it is almost time to grab the popcorn for this masterpiece as it unfolds.
GM doog. grab your popcorn, we've got front row seating for this masterpiece.
following his conversation with the CEO, Sterling reported that the company would qualify with Nasdaq with it's revenue, therefore no RS would be needed. all the info can be found in the stickies.
Sterling, awesome DD as always. thank you.
...is it Monday yet? have a great weekend everyone.
hell, i will throw that in as a bonus since we are nasdaq bound